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Long-Term Debt | 12 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Long-Term Debt | 12. Long-Term Debt Continuing Operations We have a mortgage note secured by BTU’s real property in Billerica, Massachusetts. The note has a remaining balance of $5.5 million as of September 30, 2019 and a maturity date of September 26, 2023. The debt was refinanced in September 2016 with an interest rate of 4.11% through September 26, 2021, at which time the interest rate will be adjusted to a per annum fixed rate equal to the aggregate of the Federal Home Loan Board Five Year Classic Advance Rate plus two hundred forty basis points. From time to time, we enter into capital leases for certain manufacturing or IT equipment. Our obligations under capitalized leases are included in long-term debt in the accompanying Consolidated Balance Sheets as of September 30, 2019 and 2018. The current and long-term portion of the obligations are included in the table below. Annual maturities relating to our long-term debt at continuing operations as of September 30, 2019 are as follows (in thousands):
|  | Annual Maturities |
2020 |  | $ | 371 |
2021 |  |  | 380 |
2022 |  |  | 396 |
2023 |  |  | 413 |
2024 |  |  | 430 |
Thereafter |  |  | 3,559 |
Total |  | $ | 5,549 |
Discontinued Operations In 2017, Tempress borrowed approximately $0.4 million as part of the construction of a large, bi-facial solar PV park at its headquarters in the Netherlands. The debt is secured by Tempress’ real property in Vaassen, the Netherlands, and carries an interest rate equal to the 10-year interest rate swap rate plus a 2.4% premium, reduced by a 1% discount, which at September 30, 2019 was 2.23%. The debt has a 15-year term. As of September 30, 2019, Tempress’ remaining debt balance is $0.3 million.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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